The other day I wrote about some of the benefits of the 401k. Today I’ll go over what really makes investing important and worthwhile: compound interest. The basics: Interest is a fairly simple idea, and most people understand it on the surface. If I invest $2,000 dollars for a year earning 1% interest I’ll have …
Monthly Archive: February 2012
Feb 27
The 401k
When it comes to retirement planning, perhaps the most important step is to take advantage of your employer’s 401k plan. The basics: The 401k is named after an obscure section of the federal tax code. It allows you to set aside dollars on a pre-tax basis into an account for retirement. Tax-deferred contributions: So, lets …
Feb 26
The “What-if-something-happens-to-me” File
Over the past few weeks, we’ve seen several status updates on Facebook from a couple we know. They’re in their 30′s and have a daughter that is around six months older than our son. The husband has been in ICU at the hospital for two weeks now and doesn’t look to be getting better soon. …
Feb 23
First Blog
The past two days my wife has been sick, running a mild fever, coughing, and just feeling really tired and weak. So, I’ve stayed home to take care of the little guy. The last thing we want is for him to catch what my wife has. I thought I’d use this as an opportunity to …
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